Technology is not a wave in business. It is the ocean. The only boats that won’t rise with this tide are the boats that are tied securely to a fixed dock.
The incredible shrinking price of a prediction is the prevailing force of the global economy in 2020. It dwarfs long term debt cycles, productivity, labor rates, and consumer demand. You are experiencing this price drop right now. The easiest way to know this is to notice it. Again, you’re already experiencing it, however, it’s so pervasive that it goes unnoticed for most of us.
My favorite analogy is Google. Google is software. It is a software application installed and running somewhere in the cloud that my iPhone 7 is tethered to. It predicts with incredible precision when I need to leave in order to arrive on time. It reads my calendar. It knows my position. It knows the traffic. It knows the speed limit. It knows stuff! Actually, it knows a lot! We, computer scientists, call that stuff “inputs”.
To understand how the incredible shrinking price of a prediction is the prevailing force of the global economy in 2020 only requires that you do three things:
- Notice the price of that specific prediction. How much did it cost you for that prediction?
- Compare that to how much it costs you for a prediction if your skin discoloration is benign or malignant.
- Know that Kodak invented digital photography yet preferred to sell film.
Your business, your products, your services are well needed in this global economy. Rise and experience the extraordinary benefits of the latest technology.